Newcrest Mining Limited is a step closer to commencing the development of the Havieron Project in Western Australia with the Newcrest Board approving a $146 million funding for its construction.
In addition, Newcrest Mining has also secured necessary regulatory approvals that will get early works on the project to begin.
“We continue our journey towards potentially achieving commercial production from the Havieron Project within three years from the commencement of the box cut and exploration decline. Mineralisation remains open in multiple directions outside of Havieron’s initial Inferred Mineral Resource estimate and, with infrastructure in place at our nearby Telfer mine, we are excited about this growth project.
“Together with the support of our stakeholders, we hope to deliver significant value from the Havieron Project and our other exploration prospects in the Paterson Province,” Newcrest Managing Director and Chief Executive Officer Sandeep Biswas said.
Early works on the Havieron Project will involve the construction of a box cut, exploration decline as well as associated surface infrastructure – including evaporation ponds, explosives magazine, maintenance workshops, fuel facilities, administration building and laydown area.
The Water Management Plan for the early works are currently being finalised along with works to secure further approvals and permits required prior to commencing development of any operating underground mine and its associated infrastructure.
Newcrest Mining has partnered with Greatland Gold for the operation of the Havieron Project, which has an initial Inferred Mineral Resource estimated at 52 million tonnes at 2.0 grams per tonne of gold as well as 0.31 per cent of copper for 3.4 million ounces of gold and 160,000 ounces of copper.
Source: Newcrest Mining; Greatland Gold; Australian Mining; International Mining